As a farm owner, you face numerous risks that could damage your valuable assets or create financial hardship for your operations. Securing a comprehensive insurance portfolio can help protect your business and property. Contact our agency today to learn more about your farm insurance options.
There are many insurance options for farm owners and operators. These include the following:
- Farm Liability – If your farm operations cause bodily injuries or property damage to others, this coverage may help you compensate them for their losses (e.g., medical bills). It may also help pay for legal fees that arise from these claims.
- Personal Liability – protects you financially if you’re responsible for damages or injuries to others. This protection extends to household relatives, so if your child accidentally damages your neighbor’s property, you may be covered
- Pollution Liability – this can help with bodily injury, property damage, and cleanup costs associated with chemical spills, leaks, chemical drift, erroneous or misapplication
- Personal Property – Household contents, jewelry, collectables, and firearms
- Farm Property – Farm Property encompasses property located on or used in your farming operation.
- Dwellings – including tenant dwellings
- Grain Storage
- Milking Equipment
- Tractors, Combines, and Implements
- Farm Products, Supplies, and Tools (ie. seed, fertilizer, parts inventory, hand tools)
- Irrigation Equipment
- Grain, Hay, and Straw
- Equipment Breakdown Coverage – covers damage caused by covered internal forces, such as power surges, electrical shorts, mechanical breakdowns, motor burnout or operator error.
- Disruption of Farming Operations – can help replace farming income lost due to a covered loss to a building or piece of equipment.
- Equine Liability – For owners, boarder, trainers, and instructors
- Equine Mortality and Major Medical – Can help with vet bills and death of your horse from almost any cause
- Care, Custody, and Control – For Boarded Livestock
- Workers’ Compensation – If you hire full- or part-time employees, workers’ compensation may provide funds for medical expenses or supplemental income if work-related injuries or illnesses keep them from working.
Other coverage options may be available, and plans can generally be customized to meet your specific needs. Contact your agent for details regarding available policies, exclusions and limits.
How to Get Farm Insurance
R & A is determined to help you learn more about farm and ranch insurance policies so you can make the best decision on a policy for you and your farm. Contact us today to get started.